Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are Delta's total estimated future minimum lease payments related to operating type leases? What are Delta's total estimated future minimum lease payments related to

What are Delta's total estimated future minimum lease payments related to operating type leases? What are Delta's total estimated future minimum lease payments related to finance-type leases? If these are future obligated payments, why are these amounts different from what is identified as a liability on Delta's balance sheet?

Undiscounted Cash Flows The table below reconciles the undiscounted cash flows for each of the first five years and total ofNotes to the Consolidated Financial Statements Lease Position The table below presents the lease-related assets and liabiliti  

Undiscounted Cash Flows The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet. Future lease cash flows and reconciliation to the balance sheet (in millions) 2022 2023 2024 2025 2026 Thereafter Total minimum lease payments Less: amount of lease payments representing interest Present value of future minimum lease payments Less: current obligations under leases Long-term lease obligations S Operating Leases 944 $ 974 894 866 766 5,307 9,751 (1,992) 7,759 (703) 7,056 S Finance Leases 324 286 369 232 168 636 2,015 (179) 1,836 (280) 1,556

Step by Step Solution

3.47 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

a Operating leases 2022 944 2023 974 2024 894 2025 866 2026 76... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: James D. Stice, Earl K. Stice, Fred Skousen

16th Edition

324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140

More Books

Students also viewed these Accounting questions

Question

Can hydrogen or deuterium emit an particle? Explain.

Answered: 1 week ago

Question

How is a multiple reimbursement scheme committed?

Answered: 1 week ago

Question

Using vba find green cells using yellow data cells

Answered: 1 week ago